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Comparing Bitcoin's Decrease To January 2015Please leave a LIKE if you enjoy the analysis. I am seeing a lot of fractals comparing these two movements, so decided to take a closer look. January 2015 - The decrease began on Nov. 13, 2014, when the price reached a high of $453.92.The decrease culminated with a low of $152.4, which was the capitulation wick. The entire daily candlestick was below the lower Bollinger band, suggestive that the move had gone way below the regular deviation from its trading range. A 11-day upward trend followed with a high of $309.1 being reached on Jan. 26. This wick went above the upper Bollinger band. Afterward, the price stabilized before gradually beginning an upward trend. March 2020 - The decrease began on Feb. 13, 2020 when a high of $10,500 was reached. The wick low of March 13 that reached a low of $3,850 was the capitulation wick, in which the entire daily candlestick went below the lower Bollinger band.The price has been increasing since, having done so by 78% in 11 days. The main difference between the two moves, which is the recovery rate, since it is smaller in the current movement. Just looking at the downward move, the opposite should have occurred, since the downward trend in 2020 was much more rapid. In addition, the price is nowhere close to the upper Bollinger band or the opening price of the bearish engulfing candlestick which began the current decrease. Therefore, the recent BTC price decrease shares numerous similarities to that of January 2015, which marked a long-term bottom before a several year upward trend began. However, the recovery since the March 13 low has been much weaker than what transpired in 2015, allowing for the possibility that the price is not actually following the fractal but will eventually make another low. A like & comment is greatly appreciated.
BITSTAMP:BTCUSD
by BitcoinMaximus1
2
LONG - EVX - Trading OpportunityAfter a very harsh fall, BINANCE:EVXBTC seems to be making a rounded bottom with a very bullsih MA cross on the hourly chart. Entry: 0.00002173 Target : 0.00002401 SL: 0.00002908 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
ELong
by ElMomento
BITCOIN - WHAT YOU NEED TO KNOWHey there, Thank you for supporting this idea with likes and make sure you follow me here on TV. so I think everyone in this space saw what happend yesterday. The biggest percentage and point drop in Bitcoin in all of its history. A rounded 40%decline in 1 day. An incredible number for any trader. There are now some key questions to be asked: What really valuable asset is able to drop 40% in one day? What could have caused this spike and will it happen again? Is this the end of Bitcoin? To all of these questions, I sadly cannot anwser. You have to decide for yourself wether or not you still see value in Bitcoin. It is very significant that Bitcoin broke the bottom growth of curve of the data science models and has not yet managed to come back up to those. While I do think that this is the final capitulation some people like Tone Vays have been waiting for and that the bottom is now in, I too am troubled and have doubts in the real value of Bitcoin, if it is able to be manipulated by this degree. Of course no fundementals have changed and Bitcoin is still the same as yesterday and the day befor, I do have doubts, wether or not people will accept it as a store of value, if even after 10 years of existence, Bitcoin just now had its sharpest and steepest decline in 1 day. So there you go. Technicals are not really applying here imo, since this is beyond any comprehensible movement. Now is the time to BUY THE DIP. Even if I have doubts now, I have learned that it often is best to buy BTC when everyone is doubtful. Oh and btw, there is now a 3DAY 9 buy of the TI Indicator Sequential, so this could be your time to buy. Cheers, Konrad
COINBASE:BTCUSDLong
by EnlightenedTrading
Silver is Real Money not BTC be smartSilver may not be part of our currency, but it is still money. In fact, silver, along with gold, is the ultimate form of money, because it can’t be created out of thin air (and thus depreciated) like paper or digital forms. And by real money, we do mean physical silver—not ETFs or certificates or futures contracts. Those are paper investments, which don’t carry the same benefits as silver or gold. Physical silver is a store of value, just like gold. Here’s why. Silver has… • No counterparty risk. If you hold physical silver, you don’t need another party to make good on a contract or promise. This is not the case with stocks or bonds or virtually cryptocurrency any other investment. • Never been defaulted on. If you own physical silver, you have no default risk. Not so for almost any other investment you make. • Long-term use as money. A scan of monetary history shows that silver has been used in coinage more often than gold! Physical Silver is a Hard Asset Of all the investments you own, how many can you hold in your hand? In a world of paper profits, digital trading, and currency creation, physical silver stands in contrast as one of few assets that you can carry in your pocket anywhere you go, even another country. And it can be as private and confidential as you want. Physical silver is also a tangible hedge against all forms of hacking and cybercrime. There’s no “erasing” a silver Eagle coin, for example, but that can certainly happen to a digital asset Silver is Cheap and will have a parabolic rise years to follow...crypto will be gone by then...meanwhile silver and gold will be alternative for smart investors than will get early in. What if I said you could buy a hard asset at 1/70th the price of gold—and it would protect you just as well against crisis?
OANDA:XAGUSDLong
by CUBYC
1